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Aditya Birla Sun Life Mutual Fund (MF) has launched Aditya Birla Sun Life Multi- Index Fund Of funds, an open-ended fund of funds scheme investing in Exchange Traded Funds and Index Funds. The NFO opens for subscription on September 26, 2022 and closes on October 10, 2022. The Entry load is nil for the scheme. The Exit load will be 0.5% of applicable NAV, for redemption / switch-out of units on or before 15 days from the date of allotment and nil, for redemption / switch-out of units after 15 days from the date of allotment. The minimum subscription amount is Rs 100 and in multiples of Re. 1 thereafter during the NFO period.

The performance of the scheme will be benchmarked to the performance of 50% Nifty 500 TRI + 30% CRISIL Low Duration Debt Index + 10% MSCI AC World Index + 5% Domestic Price of Physical Gold + 5% Price of silver (based on LBMA Silver daily spot fixing price) and its fund managers are Lovelish Solank and Vinod Bhat.

The primary objective of the Scheme is to generate capital appreciation by investing in passively managed instruments such as ETFs and Index Funds of equity and equity related instruments (domestic index funds & ETFs as well as overseas ETFs), fixed income securities, Gold / Silver.